BHG Financial Personal Loans Review (2026)

Our take on BHG Financial

We rated BHG Financial 4.1 out of 5 stars. It’s best if you need a large unsecured loan for debt consolidation or credit card refinancing — at least $20,000 up to $250,000. But it's not an option if you have a credit score below 660 or need a personal loan for any other reason.

Who (or what) is BHG Financial best for? 

• Large debt consolidation loans: If you need an unsecured loan larger than $50,000 to consolidate or refinance one or more debts, BHG Financial is one of the few lenders you have to choose from. If you need an unsecured loan for either purpose above $100,000, it could be your only option. Most lenders loan up to $50,000 or less. BHG offers loans up to $250,000 to well-qualified borrowers.
• Borrowers and co-borrowers with strong financial profiles: You’ll need a six-figure income to qualify and, ideally, at least a good credit score. (Though some borrowers with FICO scores as low as 660 can qualify.) Fortunately, BHG allows co-borrowers, which can make it easier to meet minimum eligibility requirements.

Who is BHG not best for?

If you need a small loan or to borrow money for anything other than debt or credit card consolidation, you'll need to find another lender — BHG Financial doesn't offer loans for these purposes and, generally, has a loan minimum of $20,000. If your income (or yours plus your co-borrower’s) is less than $100,000 or your credit score is below 660, you won’t qualify for a BHG loan.

Pros and cons

Details on the pros

• Eligible applicants can borrow up to $250,000: This is by far the largest amount we’ve seen available from any lender for an unsecured loan. Most lenders offering loans above $100,000 require collateral of some sort, such as your home.
• No hard credit check when you apply: Most lenders conduct a hard credit check once you submit your application for a personal loan. BHG, however, uses a soft pull to run your application — only if you accept the loan will a hard credit check be noted on your report.
• Considers some borrowers with fair credit: If you have a “high” fair credit score — at least a 660 FICO score — you could potentially qualify for a BHG Financial loan. That said, the FICO fair credit range runs from 580 to 669, so most borrowers with fair credit won’t be eligible. 
• Long repayment terms: It’s helpful to have a long repayment term when you’re borrowing tens or hundreds of thousands of dollars, as it can lower monthly payments. You could have up to 10 years to pay back a BHG loan. Just note that extending the repayment term can substantially increase interest costs. This is because you’re paying interest for a longer period of time and because most longer-term loans have higher rates. 
• Concierge service: BHG coins its customer service “concierge service” and connects you with a dedicated loan expert once you submit an initial online intake form. In general, this service (and BHG) receives high marks on Trustpilot — 4.7 stars. But some recent reviewers have noted that some agents were unresponsive or that customer service was less than exemplary once the loan was funded. 

Details on the cons 

• Not available in all states: BHG personal loans aren't available in CT, ID, IL, LA, MD, ME, MT, ND, RI, VT, or WI.
• No discounts: Some lenders offer discounts — such as 0.25% off the loan’s interest rate — for setting up autopay or having the lender send funds to your creditors. For example, SoFi, Universal Credit, and Upgrade all offer discounts for direct-to-creditor payments; BHG Financial does not. 
• Funding takes at least five days: If you want to consolidate debt ASAP, be prepared to wait at least five business days to receive a loan from BHG Financial. Then, you’ll need to send the loan funds to your creditors. 
• No direct-to-creditor payments: BHG does not provide the option of sending your loan funds to your creditors directly. Direct-to-creditor payments can speed up the debt consolidation process and minimize legwork on your end.

How to qualify for a BHG Financial personal loan

At a minimum, you must:

• Earn at least $100,000 per year (this can be between you and a co-borrower)
• Have a minimum 660 FICO score (higher is better)
• Have a low enough DTI to afford payments (if too much of your income is already going toward debt, you may not qualify)

BHG Financial personal loan purposes

Personal loans from BHG Financial are only available to be used for debt consolidation  or credit card refinancing. The company also offers business loans and loans for medical professionals.

BHG Financial fees and penalties

• An origination fee between 3% and 4% of the loan amount
• Late fees and other fees may apply

BHG Financial vs. other lenders

BHG Financial company details and history

Established in 2001, BHG is a non-bank lender specializing in loans for high-income professionals and small-business owners. Though BHG originates loans, the loans are funded by Pinnacle Bank or County Bank.

BHG Financial started by serving the medical industry and was originally called Bankers Healthcare Group. It has since expanded to cater to other types of high earners and is now called BHG Financial. Along with personal loans for debt consolidation, BHG Financial offers business loans and loans for medical professionals. 

Contact information

• General questions: Call 866-588-7910 or email [email protected]. Business hours are 8 a.m. to 9 p.m. ET Monday through Friday and 9 a.m. to 12 p.m. ET Saturday.
• Help with applications or loans: Fill out the form on the “contact us” page.
• Email: [email protected]

Corporate Headquarters

BHG Financial

201 E Las Olas Boulevard, #2450

Fort Lauderdale, FL 33301

Methodology

Credible evaluated 32 lenders across 1,216 data points to choose the best lender overall plus top picks for different borrowers and use cases. Across lenders, we collected data on customer experience and service options, minimum and maximum fixed interest rates, minimum and maximum loan amounts, funding times, loan terms, fees, discounts, third-party reviews, and more. 

We assigned a numerical value to each attribute based on how that feature compared with the same feature for every other lender in the set. Attributes were grouped into categories, scores were compiled, and categories were weighted according to their relative importance — for instance, rates and fees were weighted highest since loan cost is among the most important factors in determining loan value. 

• Rates and fees: 18.75%
• Eligibility and options for bad and no credit: 17.5%
• Availability: 12.5%
• Loan amounts and terms: 10%
• Customer satisfaction: 10%
• Customer service: 10%
• Efficiency and fund delivery: 10%
• Discounts: 7.5%
• Credible proprietary data: 3.75%

We also considered each of our partner lenders' statistics over a 12-month period — including average funding times, average credit scores for approved applicants, and average rates. Learn more about how Credible rates lenders by exploring our full personal loans lender rating methodology.